The American Dream of owning your own home is becoming more distant for many millennials. From 2006 to 2011, consumers between the ages of 25 and 34 experienced the largest decline in homeownership of any age group, according to Census Bureau data.
Living without credit is possible. Is it advisable though? Is it accomplishable without frustrating limitations? Those are different questions.
When it comes to your financial health, your credit score is one of those things that'll just keep seeking you out. It's tempting to think that your credit score or credit health will only come into play when you're looking for a mortgage or a new credit card. The truth is that your credit information can be checked far more often than you might think.
That could be a big deal for entrepreneurs nationwide who need small amounts of funding to start, expand or buy a business. In some instances, it may even be used to refinance existing debt if it is burdensome to your business success.
Despite the closure of the Approved card, Orman deserves to be commended for her noble attempt to make positive changes to the credit reporting system.
"My wife and I are looking to purchase a $450,000 home, and I am wondering whether I should apply for the mortgage we will need as an individual, or j...
I'm sure that like many people, the thought of looking at your credit may be a scary one but according to Happy Coach Keryl Pesce, "a funny thing happ...
Is it okay to date someone with terrible credit? The answer is yes, it is okay -- unless you are planning a future with them. It's not only their actual credit score that may cause problems for you in the future, but their attitude towards their credit and financial health overall.
Major financial institutions, like most restaurants, understand the need to offer different card offerings to meet the varied circumstances and tastes of their customers.
Does a perfect FICO score exist? No one has even seen one, if it is even possible to attain. But, we found someone who is extremely close to it. Na...
Being shut out of the credit market is a difficult situation. But getting a secured credit card shows lenders that you're a serious person, willing to bet your own money that you can handle your obligations.
A landlord in San Francisco recently wrote letters to tenants that said if their FICO credit score was below 725 or they made less than $100,000 a year, they would have to move out. While this is an extreme case, it just goes to show that good credit is increasingly linked to your ability to secure housing.
The credit-scoring industry has often brought confusion to consumers who have no idea that there are different kinds of credit scores -- many of which...
Most people know it's important to have good credit, but they don't want to spend too much time worrying about it. The good news is that you can be pretty lazy and still improve your credit.
Fortunately, if your credit score has taken a hit, you can initiate several actions that will begin improving it almost immediately. Just be aware that it can take many years to recover from severe credit-damaging situation such as bankruptcy or foreclosure.
Budgeting your finances and being mindful of how you spend will be key in creating a foundation for a healthy financial picture going forward.